Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Maple City Vacant Land Parcel Title is generated by Realmo AI

    11605 S Tower, Maple City, MI 49664

    View on Map
    Claim this Listing
    For Sale
    $157,900

    Vacant Lot/Land - Maple City, MI

    Lot size:
    5.55 Acres
    Added:
    Apr 23, 2026
    Days on Market:
    39
    Last Refresh:
    May 31 at 8:06 pm

    Property Features for 11605 S Tower

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential,Horses Allowed,Metes and Bounds,Farming,Grazing,Tillable,Outbuildings Allowed
    Exterior features
    None, Countryside View
    Standard status
    Active
    Lot size
    5.55 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Peter Faber

    Listing agent Peter Faber

    Listing office Five Star Real Estate (Lake City) 102 S. Main St., Grand Rapids, MI

    Listing date Apr 23, 2026

    MLS# 1944146 Listing URL

    Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 5.55 acre parcel offers ample space.
    • Mature trees and wooded area provide privacy.
    • Outbuildings are allowed, offering flexibility.
    • No restrictions on the property.
    • Priced $46,000 under market value.
    • Countryside view.

    Overview

    This 5.55-acre vacant land parcel in Maple City, MI, presents a building site suitable for a new home, cottage, or farm. The property features mature trees and a wooded landscape, offering privacy. Outbuildings are allowed, and there are no restrictions. The zoning allows for residential use, horses, farming, grazing, tillable land, and outbuildings. A driveway is planned from Tower Road, to be shared with three other parcels.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Spa & Massage Center Hair Salon Nail Salon Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Maple City
    County
    Leelanau
    State
    Michigan
    Longitude
    -85.844598
    Latitude
    44.810764

    Nearby Similar for Sale

    • $539,000
      3,795 SF

      Maple City Industrial Opportunity

      Industrial property suitable for manufacturing, storage, or distribution.
      173 E Kasson Road, Maple City, MI 49664
      View Details
    • $100,000
      3,412 SF

      Turnkey Restaurant in Leelanau County

      Turnkey restaurant with Class C liquor license in Leelanau County.
      172 W Burdickville Road, Maple City, MI 49664
      View Details
    • $1,150,000
      4,957 SF

      Motel and Cafe on 5.9 Acres

      Leelanau County motel and cafe near Glen Arbor and Glen Lake.
      7097 S Dunns Farm Road, Maple City, MI 49664
      View Details
    • $249,900

      Maple City Vacant Land Parcel

      8.22 acre lot with hardwoods and countryside views.
      Parcel A 6 S Bright Road, Maple City, MI 49664
      View Details
    • $169,900

      Maple City Vacant Land Parcel

      5.02 acre parcel ready for your northern Michigan vision.
      Parcel A 7 S Bright Road, Maple City, MI 49664
      View Details
    • $169,900

      Maple City Vacant Land Parcel

      Spacious land parcel in Leelanau County with open countryside views.
      Parcel A 8 S Bright Road, Maple City, MI 49664
      View Details
    • $169,900

      Land in Leelanau County

      Spacious lot with countryside views in Leelanau County.
      Parcel A 1 E Kasson Road, Maple City, MI 49664
      View Details
    • $1,600,000
      7,500 SF

      Historic Inn with Restaurant & B&B

      Turn-key Leelanau County landmark with restaurant, bar, and lodging.
      149 E Harbor Highway Maple City, MI 49664
      View Details
    • $199,900

      Secluded Wooded Lot Near Traverse

      5-acre wooded lot bordering state land, ready to build.
      02 S Bright Road, Maple City, MI 49664
      View Details
    • $239,900

      Brightland Woods Vacant Lot

      Premier lot with cleared building site and sweeping views.
      01 S Bright Road, Maple City, MI 49664
      View Details
    • $269,900

      Brightland Woods Vacant Land Parcel

      10-acre lot in Leelanau County with sunrise views.
      Parcel A 3 E Kasson Road, Maple City, MI 49664
      View Details
    • $539,000

      Industrial Opportunity Near Traverse City

      Industrial property suitable for manufacturing, storage, or distribution.
      173 E Kasson Rd, KassonTownship_Leelanau, MI 49664
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 5.55 acre wooded lot, ideal for building.
    Where is this residential land & home lot located?
    The property is located at 11605 S Tower Maple City, MI.
    What is the asking price?
    The asking price for this property is $157,900.
    What are key features of this property?
    This property features: 5.55 acre parcel offers ample space.; Mature trees and wooded area provide privacy.; Outbuildings are allowed, offering flexibility.
    (616) 460-3800
    We can help!
    Listing Contact
    Peter Faber
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    11605 S Tower, Maple City, MI 49664
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!